Retail giant Wal-Mart Stores, Inc. WMT 1.47% will be keeping its chairman of the board position in the Walton family, as the company announced on Friday that Greg Penner, grandson-in-law to founder Sam Walton, will take over the position. The Walton family has maintained influential positioning in Wal-Mart throughout the years and amassed an incredible…
EY recently released its annual U.S. Oil and Gas Reserves Study, which includes year-end 2014 numbers as well as a look back at where the industry has come in the past several years. Here are 10 telling charts and tables included in the report.
Several major Wall Street firms have weighed in on exploration and production (E&P) stocks this week. The majority of E&P stocks are now priced at only a fraction of where they were just a year ago. For some companies, current share prices offer a great investment opportunity for a long-term recovery. For other companies, liquidity…
Bluebird bio Inc BLUE 2.51% and Celgene Corporation CELG 0.18% announced a restructuring of its CAR-T collaboration this week. Under the amended terms of the deal, the collaboration will focus on CAR-T cells that target the B-cell maturation antigen (BCMA). Celgene will also provide $25 million in funding to bluebird. What does Wall Street think…
According to a new filing, Alibaba Group Holding Ltd BABA 0.13% subsidiary Alibaba Pictures Group will be selling $1.6 billion shares of stock to select investors to raise money to fund for media-related acquisitions.
While the majority of stocks are at or near all-time highs, the energy sector has been in a state of turmoil over the past year. At the heart of the matter is a massive global crude oil supply glut that has wreaked havoc on oil prices and oil producers.
According to a new press release by Apple Inc. AAPL 0.55%, the Apple Watch is coming soon to seven new countries. Apple announced that citizens of Italy, Mexico, Singapore, South Korea, Switzerland and Taiwan will be able to order the watch from the Apple Online Store starting on June 26. The Apple Watch has only…
In a new report, Wedbush analyst Gil Luria took an in-depth look at PayPal ahead of its highly-anticipated spin-off from eBay Inc EBAY 1.18%. The value of the stock cannot yet be determined until the details of the spin-out are disclosed, but Wedbush sees PayPal as an “enduring market leader with more opportunities than threats.”…
Yet another major telecom merger deal could be in the works, according to the Wall Street Journal. Dish Network Corp DISH 1.7% and T-Mobile US Inc TMUS 2.29% have reportedly been in talks to join forces. The deal would combine the second-largest U.S. TV operator and the fourth-largest wireless carrier.
In a new report, Piper Jaffray initiated coverage on a long list of brokerage stocks. Here’s a breakdown of what analyst Jason Weyenth had to say.